Day: December 19, 2022

Sam Bankman-Fried arrested and consented to the extradition — Law Decoded, Dec. 12-19.

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Welcome to Law Decoded, your weekly digest of all the major developments in the field of regulation. The FTX drama escalated last week when the Royal Bahamas Police Force arrested its former CEO, Sam Bankman-Fried, at the request of the United States government. Within hours, politicians, crypto executives and influencers had all booted up their Twitter apps to comment on the arrest of the former CEO, who had to miss his testimony before the U.S. Congress. However, the text of SBF’s planned testimony was obtained by the media, wherein he…

SHIB Community Members and Countdown Clock Hint Shibarium Launch Is Imminent – Bitcoin News

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According to a myriad of social media posts, the meme crypto project Shiba Inu is planning to launch the highly anticipated Shibarium, a layer two (L2) project that was supposed to launch this year in the third quarter. Shiba Inu supporters believe the Shibarium launch is imminent as a number of community members have been sharing animated images of countdown clocks on social media. Meme Token Project Shiba Inu Hints at Launching L2 Scaling Application Shibarium On Dec. 19, 2022, the meme token shiba inu (SHIB) increased by roughly 2.3%…

Boris Johnson’s brother steps down as Binance adviser amid concerns over the exchange: Report

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Jo Johnson, the brother of former United Kingdom prime minister Boris Johnson, has reportedly stepped down from his role as an adviser to Binance, according to a report by the U.K.’s Telegraph.  According to the report, Jo Johnson had been advising Binance during the exchange’s efforts to expand into the United Kingdom. The former British prime minister’s brother, also known as Lord Johnson of Marylebone, reportedly took up a role on the U.K. advisory board of one of Binance’s subsidiaries, Bitfinity, in September.  The Telegraph reports that he resigned last week…

Elon Musk Twitter Mistakes Prove Web3’s Point

Putting aside overzealous obituaries, the possible collapse of Twitter only helps reaffirm the belief that alternatives should exist. Social media, a relatively new phenomenon in the scheme of things, has been captured by mindvirus that monopolies are good – as explained by Peter Thiel in his influential “Zero to One” startup guide. Source

Binance acquires 100% of Indonesian Tokocrypto after initial investment in 2020

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Binance has acquired Indonesian crypto asset trader Tokocrypto, according to local reports on Dec. 19. The purchase was confirmed in a tweet by Binance CEO Changpeng Zhao (CZ), who characterized the deal as having “just injected more cash and increased our shareholding a bit.” Changes are expected at the exchange. Tokocrypto founder Pang Xue Kai will reportedly step down as CEO, to be replaced by Yudhono Rawis as interim chief. Pang Xue Kai will remain on the company’s board of commissioners. CNBC quotes Pang Xue Kai as saying: “This decision…

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